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Listen "UBS On-Air: Paul Donovan Daily Audio 'Another little cut'"
Episode Synopsis
The Federal Reserve is expected to cut rates a quarter point. The absence of credible short-term data since the last Fed meeting means policymakers cannot follow Fed Chair Powell’s “data dependency” mantra and must instead focus on economic trends. Market interest will be focused on the spectrum of views, the tone of the press conference, and (inevitably) speculation about Powell’s successor.
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